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Sensex drops 200 points to open below 63,000; Nifty at around 18,700

Indian stock markets opening figures: Power Grid, Wipro, NTPC, Infosys, Tata Steel, and Bharti Airtel were the gainers.

Published on: Jun 20, 2023, 09:24:17 IST
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Sensex, Nifty figure: Equity benchmark indices declined in early trade on Tuesday amid a weak trend in Asian markets and foreign fund outflows.

Sensex, Nifty figures (File photo)
Sensex, Nifty figures (File photo)

The 30-share BSE Sensex fell 257.62 points to 62,910.68. The NSE Nifty declined 73.45 points to 18,682.

From the Sensex pack, Bajaj Finance, Bajaj Finserv, Asian Paints, Hindustan Unilever, Mahindra & Mahindra, HDFC, ICICI Bank, HDFC Bank, and IndusInd Bank were the major laggards.

Power Grid, Wipro, NTPC, Infosys, Tata Steel, and Bharti Airtel were the gainers.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading in the negative territory.

The US markets were closed on Monday on the observance of Juneteenth holiday.

Global oil benchmark Brent crude dipped 0.17 per cent to USD 75.96 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth 1,030.90 crore on Monday, according to exchange data.

"FII & DIIs turning sellers in yesterday's trade, anxiety ahead of US Fed chief Powell's Wednesday testimony before the US Congress, and a delayed monsoon would prompt investors to trade with caution," Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said.

 
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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